Sections

Brexit decision 'nothing good' for German occupational pensions

Related Categories

Germany’s occupational pension fund association, aba, has bemoaned the UK vote to leave the European Union, saying that, although the precise implications for occupational pension provision in Germany were not yet foreseeable, the Brexit decision meant “nothing good”.

In an update on 28 June, aba chief executive Klaus Stiefermann writes: “The capital markets are reacting negatively, a large part of German occupational pension fund assets are invested through London, and the British were always at our side when it came to reining in regulatory delusions and excess. 

“And there’s a fair amount of that going on again.”

His comments echo the response of the Dutch Pensions Federation, which lamented the “loss of an ally” but said it is too early to say whether the British would leave the pan-European association PensionsEurope. 

In another reaction from a national industry association, Denmark’s Forsikring & Pension (F&P) said keeping a good trading relationship with the UK was a priority for the country

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • DS-2382

    Closing date: 2017-12-14.

  • QN-2383

    Asset class: Residential Property.
    Asset region: Ireland.
    Size: EUR 10m.
    Closing date: 2017-12-18.

  • QN-2384

    Asset class: Equities Switzerland (Large Caps).
    Asset region: Switzerland.
    Size: CHF 550 – 600 mn.
    Closing date: 2017-12-15.

  • QN-2385

    Asset class: Liability Driven Investment.
    Asset region: Europe.
    Size: Size: EUR 1 Billion, Liability size: EUR 3 Billion.
    Closing date: 2018-01-08.

  • QN-2386

    Asset class: Fixed income.
    Asset region: Global developed markets.
    Size: CHF 500 -1000m.
    Closing date: 2018-01-15.

  • DS-2392

    Closing date: 2017-12-21.

  • QN-2393

    Asset class: All/Large Cap Equities.
    Asset region: Europe.
    Size: EUR 200m.
    Closing date: 2017-12-21.

  • QN-2394

    Asset class: Real Estate Industrial.
    Asset region: Europe.
    Size: EUR 10m.
    Closing date: 2018-01-04.

Begin Your Search Here